IRS Tax audit is one of the most feared things in business. The fact is that the probability of being audited for a median household income in the US dropped to less than 1% in 2014 versus 5.6% in 1993. The IRS still audits approximately 1.4 million taxpayers every...

Are entertainment expenses really not deductible anymore? How about business meals? The new tax reform has brought an endless amount of change to tax law, and one of the most interesting parts affecting most businesses are the changes to meals and entertainment...

California has passed Senate Bill No. 1343 that will impact many small businesses by January 1st, 2020. All employers with 5 or more employees will be required to implement a sexual harassment prevention training course. Here are the following requirements:...

The New Year has come and with it many changes for employers and employees. Beginning January 1, 2020, minimum wage has increased for all California employers. For employers with 25 employees or less, minimum wage has increased to $12- hour. For...

Many of our business clients have a side business or other venture that they spend money on. Does the IRS allow you to deduct expenses off your tax return? The answer is yes and no! They want to determine if the venture is a business or a hobby. Let take example of a...